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Flexible AC Transmission Systems (FACTS)-Global Market Insights and Sales Trends 2025
Synopsis
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."
According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
The global Flexible AC Transmission Systems (FACTS) market size is expected to reach US$ 1973.7 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Flexible AC Transmission Systems (FACTS) in various end use industries. The expanding demands from the Metal Industry, Utilities, Railway and Mining, are propelling Flexible AC Transmission Systems (FACTS) market. Shunt Compensation, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Series Compensation segment is estimated at % CAGR for the next seven-year period.
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Flexible AC Transmission Systems (FACTS), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Flexible AC Transmission Systems (FACTS) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Flexible AC Transmission Systems (FACTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Flexible AC Transmission Systems (FACTS) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Flexible AC Transmission Systems (FACTS) covered in this report include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung, etc.
The global Flexible AC Transmission Systems (FACTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Global Flexible AC Transmission Systems (FACTS) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Flexible AC Transmission Systems (FACTS) market, Segment by Type:
Shunt Compensation
Series Compensation
Others
Global Flexible AC Transmission Systems (FACTS) market, by Application
Metal Industry
Utilities
Railway
Mining
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Flexible AC Transmission Systems (FACTS) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."
According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
The global Flexible AC Transmission Systems (FACTS) market size is expected to reach US$ 1973.7 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Flexible AC Transmission Systems (FACTS) in various end use industries. The expanding demands from the Metal Industry, Utilities, Railway and Mining, are propelling Flexible AC Transmission Systems (FACTS) market. Shunt Compensation, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Series Compensation segment is estimated at % CAGR for the next seven-year period.
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Flexible AC Transmission Systems (FACTS), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Flexible AC Transmission Systems (FACTS) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Flexible AC Transmission Systems (FACTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Flexible AC Transmission Systems (FACTS) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Flexible AC Transmission Systems (FACTS) covered in this report include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung, etc.
The global Flexible AC Transmission Systems (FACTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Global Flexible AC Transmission Systems (FACTS) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Flexible AC Transmission Systems (FACTS) market, Segment by Type:
Shunt Compensation
Series Compensation
Others
Global Flexible AC Transmission Systems (FACTS) market, by Application
Metal Industry
Utilities
Railway
Mining
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Flexible AC Transmission Systems (FACTS) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Flexible AC Transmission Systems (FACTS)
1.1 Flexible AC Transmission Systems (FACTS) Market Overview
1.1.1 Flexible AC Transmission Systems (FACTS) Product Scope
1.1.2 Flexible AC Transmission Systems (FACTS) Market Status and Outlook
1.2 Global Flexible AC Transmission Systems (FACTS) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Flexible AC Transmission Systems (FACTS) Market Size by Region (2018-2029)
1.4 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Region (2018-2023)
1.5 Global Flexible AC Transmission Systems (FACTS) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
1.6.1 North America Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
1.6.2 Europe Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
1.6.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
1.6.4 Latin America Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
1.6.5 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size (2018-2029)
2 Flexible AC Transmission Systems (FACTS) Market by Type
2.1 Introduction
2.1.1 Shunt Compensation
2.1.2 Series Compensation
2.1.3 Others
2.2 Global Flexible AC Transmission Systems (FACTS) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Type (2018-2023)
2.2.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Type (2018-2029)
3 Flexible AC Transmission Systems (FACTS) Market Overview by Application
3.1 Introduction
3.1.1 Metal Industry
3.1.2 Utilities
3.1.3 Railway
3.1.4 Mining
3.1.5 Other
3.2 Global Flexible AC Transmission Systems (FACTS) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Application (2018-2023)
3.2.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue Breakdown by Application (2018-2029)
4 Flexible AC Transmission Systems (FACTS) Competition Analysis by Players
4.1 Global Flexible AC Transmission Systems (FACTS) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Flexible AC Transmission Systems (FACTS) as of 2022)
4.3 Date of Key Players Enter into Flexible AC Transmission Systems (FACTS) Market
4.4 Global Top Players Flexible AC Transmission Systems (FACTS) Headquarters and Area Served
4.5 Key Players Flexible AC Transmission Systems (FACTS) Product Solution and Service
4.6 Competitive Status
4.6.1 Flexible AC Transmission Systems (FACTS) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.1.4 ABB Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.2.4 Siemens Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 RXPE
5.3.1 RXPE Profile
5.3.2 RXPE Main Business
5.3.3 RXPE Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.3.4 RXPE Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.3.5 Sieyuan Electric Recent Developments
5.4 Sieyuan Electric
5.4.1 Sieyuan Electric Profile
5.4.2 Sieyuan Electric Main Business
5.4.3 Sieyuan Electric Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.4.4 Sieyuan Electric Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.4.5 Sieyuan Electric Recent Developments
5.5 Mitsubishi Electric
5.5.1 Mitsubishi Electric Profile
5.5.2 Mitsubishi Electric Main Business
5.5.3 Mitsubishi Electric Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.5.4 Mitsubishi Electric Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.5.5 Mitsubishi Electric Recent Developments
5.6 GE
5.6.1 GE Profile
5.6.2 GE Main Business
5.6.3 GE Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.6.4 GE Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.6.5 GE Recent Developments
5.7 Toshiba
5.7.1 Toshiba Profile
5.7.2 Toshiba Main Business
5.7.3 Toshiba Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.7.4 Toshiba Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.7.5 Toshiba Recent Developments
5.8 AMSC
5.8.1 AMSC Profile
5.8.2 AMSC Main Business
5.8.3 AMSC Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.8.4 AMSC Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.8.5 AMSC Recent Developments
5.9 Hyosung
5.9.1 Hyosung Profile
5.9.2 Hyosung Main Business
5.9.3 Hyosung Flexible AC Transmission Systems (FACTS) Products, Services and Solutions
5.9.4 Hyosung Flexible AC Transmission Systems (FACTS) Revenue (US$ Million) & (2018-2023)
5.9.5 Hyosung Recent Developments
6 North America
6.1 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Flexible AC Transmission Systems (FACTS) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Flexible AC Transmission Systems (FACTS) Market Dynamics
11.1 Flexible AC Transmission Systems (FACTS) Industry Trends
11.2 Flexible AC Transmission Systems (FACTS) Market Drivers
11.3 Flexible AC Transmission Systems (FACTS) Market Challenges
11.4 Flexible AC Transmission Systems (FACTS) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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